You may be tired of living at the mercy of the fluctuating stock and real estate markets. A charitable gift annuity is a gift made to our organization that can provide you with a secure source of fixed payments for life.
There are many benefits of gifting annuities. You leave a lasting legacy with your gift, receive fixed payments to you or another annuitant you designate for life, receive a charitable income tax deduction for the charitable gift portion of the annuity, and benefit from payments that may be partially tax-free.
A charitable gift annuity is a way to make a gift to support the Wayne Area Legacy Fund. You may be wondering how this works.
You can transfer cash or property to the Wayne Area Legacy Fund. In exchange, we will pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free. You will receive a charitable income tax deduction for the gift portion of the annuity. You also receive satisfaction knowing that you will be helping the Wayne Area Legacy Fund.
If you decide to fund your gift annuity with cash, a significant portion of the annuity payment will be tax-free. You may also make a gift of appreciated securities to fund a gift annuity and avoid a portion of the capital gains tax.
Current charitable gift annuity payments begin within one year. With a current gift annuity, you may transfer cash or securities in exchange for our promise to pay you fixed payments beginning as early as this year. You will receive an income tax charitable deduction for the value of your gift.
A deferred charitable gift annuity is for payments at a future date. Perhaps you are not ready to begin receiving payments until a future date, such as when you retire. With a deferred gift annuity, you establish the gift annuity today, receive a charitable income tax deduction for this year, but defer the payments until a designated date sometime in the future. Best of all, because you deferred the payments, your annual payment will be higher when the payments start than they would have been with a current gift annuity.
Flexible deferred charitable gift annuity gives you flexibility as to when the payments will start. With a flexible deferred gift annuity, you retain the flexibility to decide when the annuity will begin making payments. As with a deferred gift annuity, you establish the annuity today and receive a charitable deduction this year, but the payments are deferred until such time as you elect to begin receiving the payments.
You can visit Nebraska Community Foundation’s Gift Planning website – www.ncfgift.org – to begin the process of donating. You can also find details on the benefits and process of making a charitable gift for other out-of-the-box giving methods beyond cash. Nebraska Community Foundation is also always available to point you in the right direction at (402) 323-7330 or info@nebcommfound.org.
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Nebraska Community Foundation unleashes abundant local assets, inspires charitable giving and connects ambitious people to build stronger communities and a Greater Nebraska.
Headquartered in Lincoln, the Foundation serves communities, donors and organizations by providing financial management, strategic development, education and training to a statewide network of 1,500 volunteers serving over 270 communities.
In the last five years, 45,915 contributions have been made to NCF and its affiliated funds. Since 1994, NCF has reinvested $423 million in Nebraska’s people and places. For information, visit NebraskaHometown.org.
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Wayne Area Legacy Foundation harnesses the power of giving to make the Wayne Area a great place for all ages to live, work and play for generations to come.
We invite you to be a part of the legacy of promoting progress in our area by giving to the unrestricted endowment. Similar to a community savings account, unrestricted endowments are an important tool to keep hometowns across Nebraska growing, thriving and improving future generations. A portion of the income earned by the endowment is granted annually to fund projects and programs to benefit the community, the principal remains intact and grows every year.
The Wayne Area Legacy Fund (WALF) has invested over $50,000 back into the Wayne Area community since the inception of the fund. The WALF is an affiliated fund of the Nebraska Community Foundation (NCF), a 501(c)(3) charitable organization. All contributions to WALF are tax-deductible. Visit WayneAreaLegacyFund.org for additional information. Be sure to like us on Facebook @WayneAreaLegacyFund.
